Getting a Bad Credit Home Equity Loan Bellerose NY

While getting a home equity loan in Bellerose with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need.

Local Companies

Cross County Abstract Llc
(516)741-9800
821 Franklin Av
Garden City, NY
Helen Beichel
1133 Park Place
Brooklyn, NY
Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
516 759 3900
152 Forest Ave.
Locust Valley, NY
J R Mortgages
(718)677-9000
1689 Flatbush Av
BROOKLYN, NY
American Capital Mortgage Inc
(516) 327-6000
199 Jericho Tpke Ste Ll4
Floral Park, NY
Chase Bank
(516) 487-9161
22 Grace Ave
Great Neck, NY
Washington Mutual Bank Locations 37th And Seventh
(212)868-9598
498 Fashion Avenue
New York, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Capstar Funding
(631)396-2180
225 Broadhollow Road Suite 104E
MELVILLE, NY
Data Provided by:
    

Provided By:

Getting a Bad Credit Home Equity Loan

Author: Andrew Bicknell

While getting a home equity loan with bad credit is not always easy there are lenders that specialize in doing this type of loan. These bad credit lenders are more interested in your ability to pay back the loan then anything else. A bad credit score works against you but does not keep you from getting the loan you need. By using the Fico Method a bad credit lender is able to evaluate your ability to pay back the loan.

You will need a fico score of 500 or higher before a lender will start the home equity loan process. If you do not meet this requirement it is best to talk with a bank loan officer who will evaluate your bad credit problem. The terms of a bad credit loan will depend on your credit history and the reasons you currently have a low fico score.

While your options may be less then those with a better credit score having bad credit does not mean that your will not be able to negotiate terms that will work for you. The lenders who specialize in bad credit home equity loans will work with you to give you the best loan terms they can depending on your circumstances. They are there to help and will give you good service.

Be sure to look at more then one lender as this will give you a better chance of finding the best deal. Signing up with the first lender your try is not a good idea. The first lender may have the best deal for you but you will never know if you don’t shop around. Also be careful hen it comes to the collateral you offer for the loan. Remember, if you default on the loan not only will you lose your house but anything else you have put up as collateral. Make sure to study all the offers made and choose the one that works best for you. Now is not the time to enter into another loan that could turn into a bad debt which will further diminish your credit score.

Finding and applying for a bad credit home equity loan is easier these days then in the past. By using the internet you can research all your options and even apply for loans right online. You may even find out the same day if you have been approved or not.

Getting a bad credit home equity loan is a good way to start building your credit score back up, but it pays to be careful. The internet is a great way to find out everything you need to start on the road to credit recovery.


About the Author:

To learn more about the getting a bad credit home equity loan please visit the website Home-Equity-Loans.

Article Source: http://www.articlesbase.com/mortgage-articles/getting-a-bad-credit-home-equity-loan-931546.html

Related Articles
- Unsecured Personal Loans Bellerose NY
The loan market is filled with numerous loan schemes catering to your needs and desires. Unsecured personal loans too are devised to help you overcome financial crunch. These loans are tailor made to suit your prevailing circumstances.
- Home Mortgages Bellerose NY
- How To Choose Loans Bellerose NY
- Debt Consolidation Loans Bellerose NY
- Bad Credit History Loans Bellerose NY
- Home Improvement Loan Bellerose NY
- Refinancing Home Mortgage Bellerose NY
- Getting an Online Home Equity Loan Bellerose NY
- Financing College Studies with Home Equity Bellerose NY